ERHC Energy Inc (ERHE)

[midtieroil]

Very few companies give any drilling results prior to completion of the well. And it can take up to a couple of months afterward to determine the results. If that is your definition of tight-hole then congratulations, you are right. That is a standard hole in my book. My definition is different. I do not consider minimal reporting due to drilling failures as being a tight hole. That is what happened in the JDZ and that is what happened in your examples too.

Tight holes are indicative of a discovery. Companies want to obtain additional acreage in the area prior to announcing their discovery so they hold onto to the information until that goal is achieved. In over 2 years since drilling, SNP nor ERHC has acquired any additional acreage in the vicinity despite the opportunities to do so. The drilling in Block 1 is not a tight hole either. It has not been long enough to put it in that category.